Investors Cautious as NGX Sheds N440bn Amid Economic Jitters
The Nigerian Exchange (NGX) faced a sharp downturn last week, with market capitalisation dropping by N440.51 billion to settle at…
Category: Business
Unclaimed Dividends Hit ₦68.7bn in 2024 as SEC Doubles Down on Tech-Driven Solutions
In 2024, thirteen major companies listed on the Nigerian Exchange (NGX) reported a combined ₦68.7 billion in unclaimed dividends—marking a…
FG Seeks Continued EU Support for Nigeria’s Power Sector Reform
The Nigerian government is calling for continued technical and financial support from the European Union (EU) to address the challenges…
Government Achieves GH¢6.67bn in Treasury Bill Auction Oversubscription-GHANA
The government of Ghana successfully raised GH¢6.67 billion in its latest treasury bill auction, surpassing its target by a slight…
Ghana’s Damang Mine Decision Paves Way for Local Investment in Mining Sector – Isaac Tandoh
The Ghanaian government’s decision not to extend the mining lease for the Damang Gold Mine has been positioned as a…
ISA 2025 Ushers in Bold Reforms to Transform Nigeria’s Capital Market
The newly enacted Investments and Securities Act (ISA) 2025 has been hailed as a landmark reform that resets Nigeria’s capital…
Oil Slump and US Tariffs Shake Nigeria’s FX Market, Deepening Naira Volatility
Nigeria’s foreign exchange market has once again come under intense pressure as a mix of falling global oil prices and…
Nigerian Stocks to Watch: Oando’s Struggles, VFD’s Surge, and Wema’s Rights Issue in Focus
The Nigerian stock market closed the week ending April 11, 2025, on a bearish note, as the All-Share Index dropped…
Enugu issues 5MW power licence, boosts private sector participation in electricity market
Enugu State has issued a new 5MW power generation license to Tempo Power Solutions Ltd, authorizing the company to establish…
Google Slashes Prices to Woo U.S. Agencies, Challenges Microsoft’s Government Stronghold
In a bold move to challenge Microsoft’s dominance in the U.S. government software market, Google has announced a significant price…
Dangote Refinery Reduces Ex-Deport Petrol Price from N880 to N865 per Litre
Dangote Petroleum Refinery and Petrochemicals has announced a reduction in its ex-gantry loading cost for petrol from N880 to N865…
Ghana’s Cocoa Industry Unfazed by U.S. Tariff, Says Farmers Association
The United States’ recent decision to impose a 10% tariff on imports from various countries, including Ghana, has stirred concern…
Nigeria’s Economy Faces Strain as Global Oil Prices Drop to Four-Year Low Amid US-China Tariff War
Global oil prices have plunged to a four-year low due to escalating US-China trade tensions and rising concerns over supply…
Nigeria’s Economy Shows Signs of Recovery as PMI Reaches 52.3 in March 2025
Nigeria’s economy appears to be on a path to gradual recovery, as the Central Bank of Nigeria (CBN) reported a…
NGX Shifts Gears to Attract Private Capital Amid Record Growth
The Nigerian Exchange Group (NGX) is repositioning its operations to become a hub for both public and private capital, aiming…
Experts Urge Dialogue as Nigeria Braces for Impact of Trump’s 90-Day Tariff Pause
In the wake of U.S. President Donald Trump’s announcement of a 90-day pause on tariff hikes, experts are calling for…
MTN Plans Second Public Offer in Nigeria Following Projected Financial Rebound
MTN Group is preparing to reduce its stake in MTN Nigeria from 76% to 65% through a second public offering,…
COCOBOD Maintains Cocoa Producer Price Despite Côte d’Ivoire’s Increase-GHANA
The Ghana Cocoa Board (COCOBOD) has confirmed that it will keep the cocoa producer price unchanged for the 2025/2026 season.…
Nigeria Needs 40% Annual Growth to Offset U.S. Tariff Impact, Economist Warns
In a recent address at the 2025 Vanguard Economic Discourse in Lagos, Dr. Yemi Kale, the Group Chief Economist at…
Nigerian Stock Market Declines by 0.18% as LIVESTOCK and VFDGROUP Lead Gainers
The Nigerian All-Share Index (ASI) experienced a decline of 0.18% on April 9, 2025, closing at 104,187.00, down from the…
Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector Reforms
Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion), according to…
Google’s James Manyika Highlights AI’s Potential for Transforming Africa’s Future
James Manyika, Google’s Senior Vice President for Research, Labs, Technology & Society, has outlined key areas where Artificial Intelligence (AI)…
Nigeria Aims to Slash $4bn Garment Imports, Revive Local Textile Industry with BoI Partnership
The Nigerian government is ramping up efforts to cut down its unsustainable $4 billion annual garment import bill by reviving…
Nigeria’s Business Confidence Soars as PMI Reaches 52.3 in March 2025
Nigeria’s private sector continued its growth momentum in March 2025, as the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index…
Dangote Refinery begins global export of refined petroleum products
The Dangote Petroleum Refinery has officially kicked off global exports of refined petroleum products, marking a major milestone for Nigeria’s…
NGX Group Approves ₦4.4 Billion Dividend, Sets Sights on Private Capital Market Expansion
The Nigerian Exchange Group (NGX Group) Plc has approved a ₦4.4 billion dividend payout to shareholders, marking a dividend of…
Global Markets Soar After Trump Halts Tariff Plans, but China Faces Increased Duties
Global stock markets experienced a significant boost on Wednesday following President Trump’s surprising announcement of a 90-day pause on his…
Nigeria Can Withstand U.S. Tariff Hike with Strategic Reforms – Trade Leader
The Vice President of National and International Affairs for the West African Cross Border Traders group, Salami Nasiru Alasoadua, has…
Waste Managers in Nigeria Urge Government to Adopt Cost-Reflective Tariffs Amid Rising
The Association of Waste Managers of Nigeria (AWAMN) has called on the Nigerian government to introduce a cost-reflective tariff structure…
European Stocks Plunge 3% Amid Trump’s Tariff Implementation, Market Uncertainty Rises
European stocks faced a steep decline on Wednesday, with the pan-European Stoxx 600 index dropping 3.08% by mid-morning in London.…